Linux users can also use the Optiminer/Equihash miner as a solution for mining different variations of the Equihash algorithm (Equihash 200/9, Equihash 192/7, Equihash 96/5). A Windows version is supposed to come out at some point, but it is still not available for the moment.
The good news is that getting started with Zcash mining is very simple. You don’t need to download the full Zcash blockchain or manage clunky command-line miners with manual instructions; you can mine directly to an exchange or to a hardware wallet such as Trezor or Ledger Nano S. Of course, you should always do your due diligence to ensure your coins will be properly supported before sending them anywhere.
Interesting blog. I was about to post a similair post. Buy and hold for the upcoming 3 years and the blockchain market will find it’s way. I was researching a way to do better investment analysis on the current cryptos. I was wondering if anyone of you uses: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes.
I will go through start to finish on how to set up a Zcash miner on Ubuntu. This is because if you are mining with an Nvidia Graphics card the windows drivers are a little wonky so you will be limiting your hashrate. For me I have 2 GTX 980ti’s in my gaming computer. When I mine Ethereum on windows I get around 5 Mh/s and when I mine on Ubuntu I get 40 Mh/s. For those of you with gaming computers this can be a nice passive source of income while you aren’t playing games. Also AMD GPUs tend to be better at mining Ethereum, but Nvidia GPUs are better at mining Zcash. So if you have an Nvidia GPU I would suggest to mine Zcash. I do. If you have AMD GPU’s I would suggest looking at this guide here.
ZCash uses Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible, much like Ethereum.
For AMD mining you might want to head on to the Coinsforall mining pool that uses its own different protocol and has an OpenCL and CUDA miner. Earlier today Genoil has posted an OpenCL miner binary for Windows with stratum support, however it seems that his miner is still not ready for use as most people are reporting issues making it work properly. We have tried his miner and also had trouble making it work properly, so if you have AMD OpenCL GPUs just go for Coinsforall for the moment and use their miner.
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ZCash is an anonymous cryptocurrency that uses zk-snarks to ensure that all the information regarding user transactions is safely encrypted, while still verifiable by miners that can ensure no double-spending has taken place using zero knowledge proofs.
Bitcoin Gold blockchain database is going to be secured with Equihash algorithm that is ASIC resistant. Being able to mine bitcoin with conventional GPU hardware ensures Bitcoin Gold network security functions are well distributed across the world.
Zcash makes use of the Equihash algorithm – a Proof of Work algorithm that is unique to Zcash for now. It was invented by Alex Biryukov and Dmitry Khovratovich, and makes use of Wagner’s algorithm to provide the PoW that’s required for consensus in the Zcash Blockchain.
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This is a list of the most popular Zcash Mining software for each platform, some of this software contains a built-in developers fee. I try to keep this list up to date as I can, if there is a broken link or missing software please drop me an email.
Today the blockchains of Bitcoin and Ethereum are so heavily loaded, that even participation in a mining pool has become unprofitable, as the amount of resources invested in mining (electricity bills) usually exceeds the return. For this reason, the mining guide we are presenting today is a Zcash mining guide.
I think the Nvidia bottle neck applies to anything you mine on Windows. It has to do with the recent Nvidia drivers. That’s why I suggest ubuntu. Now I’m not for sure on Windows 7 because I only use Windows 10 and Ubuntu. If you find something out let me know!
At the beginning you could effectively mine Zcash with just a CPU, but due to advancements in software GPU’s have a huge advantage over CPU’s. You can still use a CPU to mine but your return will be very low, so all of the serious miners use GPU rigs. GPU miners will often fall into one of two camps: